October '25 Newsletter
With Mitchell Demeter joining as CEO, Sonic enters its next phase of global growth, focused on stronger leadership, institutional expansion, and more fruitful momentum among builders.
The last month has set the tone for what’s ahead: a $6M token buyback, a $25M ecosystem fund, and new integrations connecting Sonic across DeFi and TradFi.
Let’s dive in.
Appointment of New CEO
We’re pleased to have announced Mitchell Demeter as the new Chief Executive Officer of Sonic Labs.
Demeter, a pioneer in digital assets and entrepreneurship, will lead Sonic in its next phase of global growth:
– Expanding ecosystem adoption
– Strengthening institutional ties
– Driving growth in U.S. & global markets
Latest Sonic News
Airdrop Announcement
The second season of the S airdrop and our Kaito program are coming to an end on November 1st. Future incentive programs will be announced at a later stage.
Token Buyback
Sonic Labs stepped forward by adding $6 million in open-market buying, increasing our treasury holdings by 30M+ $S.
CMCC Global
CMCC Global, one of Asia’s top blockchain VCs, is launching Resonance, a $25M fund for the Sonic ecosystem.
Summit Singapore
Thank you to all the builders, partners, and friends who came to Sonic Summit 2025: Singapore. Stay tuned for more events!
Circle Gateway
Sonic USDC is live on Circle Gateway, enabling unified USDC balances across supported chains and instant cross-chain UX.
RWAs on Sonic
$328M in Hong Kong-listed shares are now tokenized on Sonic as Fosun Wealth launched Sisram Medical stock on the network.
FinChain Investment
Sonic Labs has made a strategic investment in FinChain, an institutional-grade real-world asset (RWA) network to bring high-quality tokenized assets onto Sonic.
Research Grant
We're proud to continue supporting world-class blockchain research by providing $70,000 to Prof. Burgstaller’s lab at Yonsei University.
Binance Dubai
Deposits and withdrawals for S and USDC on Sonic are now live for Binance users in Dubai.
KAST Integration
USDC on Sonic is now live on KAST, offering global USD accounts, 160+ countries, and seamless DeFi-powered payments.
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